Sabre Holdings Corp., parent of the online travel-booking service and a leading distributor of airline reservations, said Tuesday that it was being acquired by private equity groups for about $4.5 billion. Consumers should not be affected by the change in ownership, analysts said.

Silver Lake Partners and Texas Pacific Group would pay $32.75 a share in cash for the company, which connects airline, hotel and car-rental inventories with travel agents. The buyers also would assume about $550 million in debt.

The deal came together quickly after another private equity firm, Blackstone Group, announced last week that it would pay $4.3 billion for Travelport, a Sabre rival. Another leading reservations company, Spain's Amadeus IT Group, was sold to private equity firms last year.

Private buyout firms flush with cash have snapped up reservations systems, which generate a great deal of cash and are being helped by strong demand for travel.

Get the full story at the Los Angeles Times